Edmonton Real Estate Statistics – April 13, 2009
CAUTION!!
Buyers should be really aware that the bottom of the real estate market in my opinion has hit, and I am expecting valuations to possibly start rising. So if you have been sitting on the fence waiting for prices to drop lower, then jump off quickly and start looking.
As of this morning on the MLS system in Edmonton proper there were 2,497 single family dwellings for sale, a number that has been holding pretty stable. However, the number of sales are on the rise. In the last 30 days there were 630 single family dwellings sold. That would give us a listing to sales ratio of 3.96:1, the lowest seen since early 2007. It is also lower than the 4:1 we need for a balanced or neutral market, and an improvement over last week.
If this trend continues you can expect valuations to start rising. If you have been thinking of buying in the next year now is the time to act and save money.
Source of listing and sales data provided by the Realtors Assc. of Edmonton
Tags: edmonton real estate, edmonton real estate statistics, Real estate news
